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Pipelines, Storage & Power

WEP network has supplied 420 bcm to China to date

PetroChina’s West-East Pipeline network has supplied 420 billion cubic metres of gas since its first trunkline went online in 2003

25 September 2018
LNG

Sinopec finishes installation of third storage tank at Tianjin LNG

Sinopec has finished installing a third LNG storage tank at its 3 mtpa terminal in Tianjin

25 September 2018
LNG

Storage builds boost Asian spot LNG prices

Asian LNG prices have been supported by storage builds in advance of the heating season in the northern hemisphere.

25 September 2018
A freight train departing China for Europe. Policy & Regulation

BRI could cut Russia’s share of Euro market – Umbach

China needs a stable and prosperous Middle East for the success of its Belt and Road Initiative, and for this reason it will support oil and gas export projects disliked by Moscow, Frank Umbach tells Interfax Natural Gas Daily.

25 September 2018
LNG

Chinese LNG imports up by 52% in August

China increased its LNG imports by 51.5% year on year in August, to 4.71 mt.

24 September 2018
Microsoft CEO Satya Nadella discusses cloud computing Exploration & Production

5G and AI to offer new opportunities for gas industry

Next-generation wireless networks and artificial intelligence could be the next innovative technologies to see large-scale deployment by oil and gas companies.

24 September 2018
Policy & Regulation

Chinese National Energy Admin head under investigation

Nur Bekri, the director of China’s National Energy Administration, is under investigation by the Communist Party’s Central Commission for Discipline Inspection for unspecified “severe discipline violations”

21 September 2018
The Dalian LNG terminal in China LNG

Reality bites as China imposes smaller US LNG tariffs

China’s smaller-than-feared tariff on US LNG imports gives Beijing room to use the fuel as a weapon in the ongoing trade war.

21 September 2018
Exploration & Production

CNOOC resumes production following Typhoon Mangkhut

CNOOC is resuming operations at its platforms in the South China Sea after Typhoon Mangkhut made landfall.

20 September 2018
LNG

CNOOC LNG import slot auctioned on China’s SHPGX

CNOOC held China’s first LNG import slot auction on the SHPGX on Thursday.

20 September 2018
LNG

Tianjin terminal still top for trucked LNG send-out

The CNOOC terminal once again sent out an average of 300 tanker trucks per day last week.

20 September 2018
LNG

Construction starts on Wenzhou LNG terminal

Construction of the Wenzhou LNG terminal began on 18 September, according to local media.

19 September 2018
Global Markets

Chinese gas consumption to hit 620 bcm/y by 2035 – CNPC

China’s gas consumption will reach 620 billion cubic metres per year by 2035 and rise to 695 bcm/y by 2050, CNPC’s Economics and Technology Research Institute forecast on Tuesday

19 September 2018
Companies & Finance

Sinopec subsidiary increases oil and gas sales by 34.2% over Jan-Aug

Sinopec’s Southwest Oilfield subsidiary increased oil and gas sales in the first eight months of 2018 by 34.2% year on year, to RMB 11.2 billion

19 September 2018
LNG

Chinese ex-works LNG prices rise as supply tightens

The average price for ex-works LNG in China increased last week as supply tightness prompted seven plants to raise their asking prices.

19 September 2018
Alternative Fuels

China pushes to convert to low-carbon coal

A total of 658 GW of China's coal-fired power capacity was ranked as low-carbon last year

18 September 2018
Supply & Demand

Imports to meet 40% of Chinese gas demand by 2030

China will use 520 bcm/y of gas by 2030, with imports set to meet 40% of consumption, vice president of PetroChina’s Research Institute of Petroleum Exploration and Development has said.

18 September 2018
LNG

Ningbo LNG imports up 68% so far this year

CNOOC’s Ningbo terminal has received 3.62 mt of LNG so far during 2018.

18 September 2018
Supply & Demand

Asian spot LNG prices down to $11.57/MMBtu

Asian spot LNG prices were down slightly at the end of last week.

18 September 2018
LNG

First winter cargo arrives at Tangshan

PetroChina’s Tangshan LNG terminal received a 66,000-ton cargo on Saturday.

17 September 2018

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